The Journal of Finance

How to Cite

BARBERIS, N. and XIONG, W. (2009), What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation. The Journal of Finance, 64: 751–784. doi: 10.1111/j.1540-6261.2009.01448.x

Author Information

†

Barberis is at the Yale School of Management. Xiong is at the Department of Economics, Princeton University. We are grateful to Campbell Harvey, an associate editor, two anonymous referees, John Campbell, Francisco Gomes, Mark Grinblatt, Bing Han, Xuedong He, Daniel Kahneman, George Loewenstein, Cade Massey, Mark Salmon, Jeremy Stein, Richard Thaler, Mark Westerfield, and seminar participants at Carnegie-Mellon University, Duke University, Imperial College, Northwestern University, Princeton University, Rutgers University, the Stockholm Institute for Financial Research, the University of California at Berkeley, the University of North Carolina, the University of Texas, the University of Warwick, the University of Wisconsin, Yale University, the Utah Winter Finance Conference, the Western Finance Association, and the NBER for helpful feedback.